Based on the release of his recent statement, President and CEO Bill Miller of the American Gaming Association (AGA) has now sent a letter to President Trump about the Provisional Final Rules of the Paycheck Protection Plan (PPP), released by the Small Business Administration (SBA).
Miller expressed his dissatisfaction with the interim regulatory guidance of the SBA in his original statement published earlier this week because it appeared to deprive small gaming companies and their workers the right to obtain economic support under the newly formed PPP.
Now, however, the AGA CEO has approached the head of state asking for his ‘immediate intervention’ in resolving the issues with the aforementioned PPP Interim Final Rules issued by the SBA.
The letter read: “The American Gaming Association appreciates your leadership during this extraordinarily difficult time for our nation. The gaming industry is among the sectors most severely impacted by the COVID-19 outbreak, in large part, due to mandated closure of facilities, which has jeopardised the livelihoods of the 1.8 million Americans whose jobs we support across 43 states.
“As you and your Administration continue to respond to the health, safety, and economic needs of the American people, I respectfully request your immediate intervention to address a significant problem with the Paycheck Protection Program’s (PPP) Interim Final Rules released by the Small Business Administration (SBA) on April 2, 2020.
“Specifically, these interim rules rely on antiquated, discriminatory policy that renders small gaming entities ineligible to receive critical loan assistance designed to help small businesses pay their employees.”
Miller’s letter goes on to applaud President Trump for his role in enacting the CARES Act (Coronavirus Aid, Review, and Economic Security Act), before reiterating the value of the gaming industry as an economic driver, job creator, and taxpayer across the world.
The letter continued: “We share your overriding interest in employees retaining their jobs so they can get back to work quickly once this situation has subsided. Individuals who are laid off will otherwise be pushed into unemployment assistance and Medicaid. Not only are workers better off when they remain connected to their employer, this approach has long-term benefits to our economy.
“The dislocation costs associated with widespread unemployment are severe. Maintaining employees on payroll avoids rehiring complications, saves on future training costs, and increases productivity, which is essential to a faster economic recovery.
“In addition to gaming’s considerable needs to pay and provide for our own direct workforce, the gaming industry also supports 350,000 small business jobs. Making SBA resources available to size-eligible gaming businesses is the right thing to do. As it stands, the policy discriminates against these mainstream businesses and, more importantly, the hundreds of thousands of employees who rely on gaming for their livelihood.
“Accordingly, I trust you will agree it is critical that gaming companies and their employees can benefit from SBA loan programs, as the CARES Act intended.”
Miller ended the letter by thanking President Trump for his ‘continued leadership’ during the continuing outbreak of COVID-19 and for his attention to the matter.
You will find the entire letter which was sent to President Trump here.